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Oracle 1Z0-1060-20 Exam Syllabus Topics:

Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:

1. Given the subledger journal entry:

Note that the first segment is the primary balancing segment.
Which statement is True regarding this subledger journal entry?

A) It is not balanced by balancing segment.
B) It is not balanced by entered amounts.
C) It is not balanced by entered currency.
D) It appears correct.

2. What is a user job role data context assignment?

A) Security data access context assignment to a user job role
B) Duty role context assignment to a user
C) Security privileges assignment to a user job role
D) Security data role context assignment to a user job role

3. You need to build a complex account rule. Which four value types you use in yourdefinition?

A) Mapping Set
B) Existing Account Rule
C) Value Set
D) Source
E) Account Combination
F) Constant

4. Which three duty roles are required to perform Accounting Hub setup tasks?

A) Accounting Hub Integration
B) Subledger Accounting Manager
C) Application Implementation Consultant
D) Accounting Hub Maintenance
E) Accounting Hub Administration

5. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you calculate discounts for use in the accounting rule?

A) Use analytical calculations
B) Use flexfield
C) Use mapping set rules
D) Use custom formulas

Solutions: